H&E Equipment Services Inc. (NASDAQ:HEES)’s share price traded down 5.4% on Tuesday . The company traded as low as $17.97 and last traded at $18.08, with a volume of 78,022 shares. The stock had previously closed at $19.12.

A number of equities analysts have weighed in on the stock. Avondale Partners upped their price objective on shares of H&E Equipment Services from $13.00 to $18.00 and gave the stock a “market perform” rating in a research report on Monday, April 18th. Zacks Investment Research upgraded shares of H&E Equipment Services from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, June 20th.

The firm has a market capitalization of $642.12 million and a price-to-earnings ratio of 14.73. The company’s 50 day moving average price is $19.18 and its 200 day moving average price is $16.79.

H&E Equipment Services (NASDAQ:HEES) last announced its earnings results on Thursday, April 28th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. The business earned $247 million during the quarter, compared to analyst estimates of $222.49 million. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. On average, equities analysts anticipate that H&E Equipment Services Inc. will post $1.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Thursday, May 26th were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, May 24th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.06%.

Several institutional investors have made changes to their positions in the stock. New York State Common Retirement Fund boosted its position in shares of H&E Equipment Services by 24.9% in the fourth quarter. New York State Common Retirement Fund now owns 98,643 shares of the company’s stock worth $1,724,000 after buying an additional 19,680 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in shares of H&E Equipment Services by 60.0% in the fourth quarter. Stoneridge Investment Partners LLC now owns 121,132 shares of the company’s stock worth $2,117,000 after buying an additional 45,426 shares during the last quarter. BOKF NA acquired a new position in shares of H&E Equipment Services during the fourth quarter worth approximately $2,230,000. California Public Employees Retirement System boosted its position in shares of H&E Equipment Services by 4.6% in the fourth quarter. California Public Employees Retirement System now owns 130,600 shares of the company’s stock worth $2,283,000 after buying an additional 5,700 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its position in shares of H&E Equipment Services by 1.0% in the fourth quarter. State of Wisconsin Investment Board now owns 253,725 shares of the company’s stock worth $4,435,000 after buying an additional 2,408 shares during the last quarter.

H&E Equipment Services, Inc is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks.

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